Category: John Martelotti – Staten Island Real Estate Sales

Despite expectations that rates would start to rise they have been falling since the Bexit news started last week. According to realtor.com the 30-year rate hit 3.46{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}.

Existing-Home Sales at Highest Pace in 9 Years

Existing-Home Sales at Highest Pace in 9 Years

All major U.S. regions except the Midwest saw an uptick in existing-home sales last month, the National Association of REALTORS® reported Wednesday. As tight inventories continue to plague many markets, the median sales price for all housing types climbed to an all-time high of $239,700 in May — up 4.7 percent from a year earlier — as buyer demand outweighs housing supply.

Source: National Association of REALTORS®